Core Viewpoint - The manufacturing PMI in Brazil for July is reported at 48.2, slightly down from the previous value of 48.3, indicating a contraction in the manufacturing sector [1] Group 1 - The current PMI value of 48.2 suggests that the manufacturing sector is experiencing a decline, as values below 50 indicate contraction [1] - The previous month's PMI was 48.3, showing a marginal decrease in manufacturing activity [1]

Core Viewpoint - The State Administration of Foreign Exchange emphasizes the importance of preventing and mitigating external shock risks while maintaining foreign exchange market stability and national economic and financial security [1] Summary by Relevant Categories Foreign Exchange Management - The meeting highlighted the need for enhanced monitoring and analysis of foreign exchange conditions [1] - It called for strengthening macro-prudential management of cross-border capital flows and guiding expectations [1] Economic Stability - The administration plans to implement counter-cyclical adjustments as necessary to ensure stability in the foreign exchange market [1] - The focus is on safeguarding the overall economic and financial security of the country [1]

Core Viewpoint - The State Administration of Foreign Exchange emphasizes the need to deepen reforms and open up the foreign exchange sector to support stable development of foreign trade and implement a comprehensive set of policies for trade foreign exchange management [1] Group 1: Foreign Trade Management - The meeting supports the stable development of foreign trade by optimizing foreign exchange fund settlement for new foreign trade entities and facilitating centralized management of overseas funds for contracting enterprises [1] - A comprehensive policy package is being implemented to enhance trade foreign exchange management [1] Group 2: Cross-Border Investment and Financing - The administration is actively promoting the facilitation of cross-border investment and financing, including the cancellation of domestic reinvestment registration for foreign-invested enterprises and easing cross-border financing for technology-based companies [1] - A national implementation of multinational company cash pool management policies is underway, along with pilot programs for green foreign debt policies [1] Group 3: Foreign Exchange Market Development - The meeting highlights the need to push for reforms in bank foreign exchange operations to expand and improve quality [1] - Continued development of the foreign exchange market is emphasized, with a focus on enhancing corporate exchange rate risk management services [1] Group 4: Regional Development Support - The administration aims to support regional open development tailored to local conditions, with a focus on enhancing the strategies of free trade pilot zones [1] - Specific support is directed towards innovations in foreign exchange management in regions such as Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area [1]

Group 1 - The Brazilian real appreciated by 1% against the US dollar in spot trading [1]

Core Viewpoint - Eurozone bond yields fell across the board as the market increased bets on a potential interest rate cut by the European Central Bank (ECB) following disappointing U.S. non-farm payroll data [1] Group 1: Market Reactions - U.S. employment growth showed signs of slowing down, with previous values significantly revised down, indicating a notable cooling in the labor market [1] - This development has heightened expectations for a Federal Reserve rate cut next month [1] Group 2: Interest Rate Expectations - The probability of an ECB rate cut by the end of the year has risen to 60%, up from 50% prior to the data release [1] - The likelihood of a rate cut by March 2026 has increased to 80%, compared to the previous 65% [1] Group 3: Bond Yield Movements - The yield on Germany's 10-year government bonds decreased by 1.5 basis points to 2.68% [1] - The yield on Germany's 2-year bonds fell by 4 basis points to 1.91%, having previously reached a high of 1.967% since early April [1]

Group 1 - Spot silver has increased by over 1.00% in intraday trading, currently priced at $37.06 per ounce [1] - Spot palladium has risen by 3%, reaching $1,228.43 per ounce [1]

瑞士联邦主席凯勒-祖特尔：美国关税将对瑞士经济产生非常不利的影响。尽管制药业未受影响，但美 国关税对瑞士机械和钟表行业非常不利。 ...

Group 1 - The Royal Bank of Canada has significantly raised the target price for Reddit from $125 to $210 [1]

瑞士联邦主席凯勒-祖特尔：瑞士政府正与美方保持联系，已进行过接触。 ...

工信部等八部门：到2027年，建成不少于200家卓越级智能工厂 金十数据8月1日讯，工业和信息化部等八部门关于印发《机械工业数字化转型实施方案》的通知。到 2027年，数智技术在产品研发设计、生产制造、经营管理、运维服务等环节广泛应用，智能制造能力成 熟度二级及以上企业占比达50%，建成不少于200家卓越级智能工厂，带动机械企业研发设计、生产制 造、供应链管理数字化智能化水平稳步提升；培育一批既懂行业又懂数字化的系统解决方案供应商，形 成不少于200个优秀场景化解决方案，服务能力显著增强。 相关链接 ...